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Harworth Group plc has purchased the 350-acre former Ironbridge coal-fired power station in Shropshire for an undisclosed sum, further growing the company’s strategic land bank and expanding its presence in the Midlands. Located adjacent to Ironbridge town centre, the site comprises around 240 acres of brownfield land and a n...
Commerz Real has leased out the final 800 square metres in the Eurotheum office ensemble in Frankfurt am Main to Imaxx Real Estate Group and to the investment manager Capital Group. Thus the former seat of the European Central Bank (ECB) is once again fully occupied. Following the departure of the ECB in 2015 the office tower...
Hines has agreed to forward purchase a prime 60,000 sq ft office building in the heart of Edinburgh on behalf of its European Core Fund (HECF). The Mint Building, located on St Andrew Square in the city’s vibrant and rapidly evolving East End district, will be completed in early 2019 and is already pre-let on a 15-year lease....
Gecina has signed a 12-year lease with WeWork for the entire “Le France” building on Paris’ Left Bank (Rive Gauche), next to Station F, the world’s biggest startup incubator. Currently being redeveloped, the building will offer a total of nearly 20,000 sq.m and will be delivered in October 2018. The signing of this lease, whi...
Alstria office REIT-AG has announced the signature of another new lease in its development asset „Momentum“ in Düsseldorf. With the signature of another sizable new leasing contract the company can report on further progress in its development project „Momentum“ (Am Wehrhahn 33, Oststrasse 10, Düsseldorf). The new tenant will...
Coop has sold a 131.300 sq.m. business-, campus- and retail portfolio in Aarhus South to Dades A/S. Catella Corporate Finance has acted as financial advisor to Coop in the sale. Historically, the transaction is one of the largest ever carried out in Aarhus. Due to the size of this transaction, the final closing is dependent u...
The plans to transform the Generator Building at Finzels Reach into office space have been green-lighted. The Grade II listed former tram building in Bristol will be restored and turned into office space for tech, media and creative businesses. The building by Bristol's floating harbour originally housed the generator for the...
IC Immobilien Gruppe has been awarded two new property management mandates for office properties in Frankfurt and Düsseldorf by Shaftesbury Asset Management (Germany) GmbH. The two new mandates cover rental space of approximately 14,500 square metres.
On the US and UK real estate markets, light industrial properties are nothing exotic but have been established for a long time and remain a popular investment objective then as now. The German “Unternehmensimmobilien” category of multi-use and multi-let commercial real estate has caught up lately, and the massive portfolio ac...
Kennedy Wilson has secured planning permission at Hanover Quay, in Dublin south docklands. In a joint venture with the National Asset Management Agency, planning permission was granted for 68,400 sq ft NIA (87,400 sq ft GIA) of new office space. The joint venture acquired Hanover Quay in July 2017, having previously been a wa...
M7 Real Estate (M7) has agreed six new lettings across circa 5,000 sq m of space at Mani Business Centre in Zagreb, Croatia. As a result of M7’s turnaround strategy for the property, the number of tenants has increased from 12 to 19, significantly improving the occupancy to 91% from 54% on acquisition. New tenants include a w...
Barings Real Estate has acquired an office building at 9 rue du Helder in Paris, from a private investor as part of its pan-European value-add real estate investment strategy on behalf of institutional investors. The property, which is currently vacant, comprises c.1,600 sqm split across five floors including a mezzanine leve...
WeWork Property Advisors has secured planning permission through affiliated entities for the refurbishment and re-development of two offices in the City of London: 51 Eastcheap and 120 Moorgate. Both properties expect to be majority occupied by WeWork Companies when complete.
Round Hill Capital and Boelens de Gruyter have acquired an existing office asset “Ring-Park” for potential refurbishment and expansion and an opportunity for significant residential redevelopment. The 11,804 m² site, near the A10 ring-road in Central Amsterdam is located in a “residential acceleration area”
Following the completion of the 35-floor Olivia Star office building (45,690 sqm, Olivia Business Centre), Tricity’s new office supply hit 45,690 sqm in the first quarter of 2018, according to the “Occupier Economics: Tricity Office Market in Q1 2018” a report published by Cresa. Office take-up amounted to 13,400 sqm.
As joint investors Groupe ADP and Covivio have signed the documents for the development of the Belaïa office building in the heart of Cœur d'Orly, Paris-Orly Airport’s business district. Designed by Ateliers 115 Architectes, the Belaïa office building will have a total area of 23,500 sq metres. It is located at the foot of tr...
In recent weeks Wood & Company has made three large-scale investment transactions in the Czech Republic and Slovakia on behalf of their real estate fund. The firm acquired three office buildings in Prague and Bratislava.
BNP Paribas REIM has aquired 11,000 sq metres of office building located on 49-51 rue La Boétie, in the 8th arrondissement of Paris for an undisclosed amount from Poste Immo. This landmark building in the Art Déco style will host the parisian offices of a global financial institution.
